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uhsguy · 265 days ago · link · · parent · post: The Brutal Reality of Plunging Office Values Is Here
As for blinking my guess is nobody yet. Even though the balloon loan expires the banks have been playing the extend and pretend game on distressed assets. They will modify the loan one year at a time at previous rates to prevent having to take losses. The clearing event will occur then a bunch of regional banks get liquidated for other reasons and someone acquires their assets for 20-30 cents per dollar. Then they will sell them to you for 50 and make stupid profits. It’s a slow process and it hasn’t started yet so I don’t see how we get there in less than 2 years.